Davis + Henderson teams up with Indian IT company

Davis + Henderson teams up with Indian IT company

Wipro Ltd., an India-based IT and outsourcing company, has formed a joint venture with Davis + Henderson Income Fund, the supplier of cheques to Canada's banks and services to the mortgage lending industry.
 
Financial terms of the arrangement weren’t disclosed.
 
In addition to being Canada's largest provider of programs to support chequing accounts, D+H provides software for the mortgage origination industry as well as lien search and registration services to the financial services industry.
 
“Increasingly, those solutions involve taking over the management of key business processes and it’s critical that we’re able to offer our clients the flexibility and cost benefits associated with a global delivery model,” Gerrard Schmid, D+H’s president and chief operating officer said in a statement.
 
Davis + Henderson said it has begun a number of initiatives with Wipro. Together, they’re jointly developing a web portal for indirect loan origination. They’re also working on a proposal for a contact centre that would combine both companies’ onshore and offshore capabilities.
 
The partners are also mapping out a comprehensive back office solution for lenders interested in outsourcing parts of the overall lending lifecycle.
 
4 Comments
  • sunny 2010-11-26 3:43:53 AM
    is really good for indian company to show thier capability to the canadian companies
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  • Mike From Marmora 2010-11-26 4:08:52 AM
    Don't these companies get it? Tech Support Call Centres in Bangalore are not any North American's idea of company service. Cheap but not necessarily efficient.Are you a Bell client? Ever had to deal with their Indian call centre?PAINNNFULLL. Microsoft? same issue....I would love jobs to stay in Canada, & realize that Keith the Canadian wants $12/hour to work in a cubicle maze & Raj in India will work in a smaller cubicle for $12/day & based on the education systems in their respective countrie both are "well educated"....but Raj's "English" is sooo heavily accented & he speaks so quickly, lacking clarity & enunciation...if this change impacts EXPERT, I will be calling MorWeb sooner rather than later
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  • Faye Drope 2010-11-26 8:04:04 AM
    I agree with Mike from Marmora. Not only is it a painful experience but eventually we will be exactly like the US wondering where all our jobs went. Cheaper is not always better I too will re look at Morweb. When we are all unemployed because we have sent all of our jobs overseas then will we get "IT"?
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